|Name:||Law N° 4051/2012 introducing retirement adjustments and other emergency regulations in application of Memorandum of Understanding (Law N°4046/2012).|
|Subject(s):||Old-age, invalidity and survivors benefit; Public and civil servants|
|Type of legislation:||Law, Act|
|Entry into force:|
|Published on:||Efimeris tis Kivernisseos, 2012-02-29, Part A', N°40, pp. 1087-1114
|Bibliography:||Efimeris tis Kivernisseos, 2012-02-29, Part A', N°40, pp. 1087-1114
Text in Greek Ethniko Tipografio , Athens, Greece, pp.1087-1114 PDF of Official Gazette in Greek (consulted on 2015-09-03)
|Abstract/Citation:||Article 1 establishes pension readjustments for the Public and Public Entities pensioners by introducing a 12% cut down on the monthly main pension in case it exceeds 1,300 euros. It also provides for the determination of the aforesaid pension amount, the commencement time of application and the instalments to be withheld until that time, the exceptions to the application and the potential situation of payment of accrued main pensions.
Article 6 inserts readjustments to the ancillary pension benefits and other regulations for the restriction of the State subsidy to the insurance agencies.